We Made That have recently completed a new study that reveals that the success of London’s creative industries is helping to further boost the economy by spending £40bn per year within their supply chain. This research has been carried out as part of the Mayor’s Cultural Infrastructure Plan in collaboration with Hatch Regeneris. It provides supportive evidence about the important role that creative production businesses play through their wider supply chain, both within London and across the UK.
Read the study here
It includes a number of case studies of places of consumption: National Theatre, Omeara, Sadler’s Wells, and production: Factory Settings, Souvenir Scenic Studios, Mesmer, Martino Gamper Studio and Studio ZNA.
For example, the National Theatre is both a producer and consumer – it houses a substantial fabrication and manufacturing wing, as well as being supported by a network of over 200 businesses over the course of a year. These include security services providers, drinks wholesalers, timber merchants, and specialised chandlers. All these businesses also have their own set of suppliers. For instance, when needed the National Theatre has contracted Souvenir Scenic Studios, a set manufacturing company, which itself uses materials, equipment and specialised services from over 30 businesses across the UK.
Deputy Mayor for Culture and the Creative Industries, Justine Simons OBE, said: “We know that the creative industries generate billions for London in their own right, but what this report shows today is the significant impact they are having across other parts of the economy. From designers needing accountants to film studios needing carpenters, the impact of our creative industries is far reaching, helping people and businesses across the capital and the UK.”